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Balaji Gopalan

๐Ÿ‘ค Speaker
130 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

What you're paying for is MedStacks assurances, all of the policies, all of the support for the questionnaires.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

We actually have a little bit of a natural language processing element that helps us answer those questions as well.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

That's our SaaS fee.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

On top of that, we simply pass through the underlying cloud infrastructure costs that you actually use with a very small markup on top for the security technology to be out on top.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

It's grown a little bit because of the new business model, but that's very, very recent.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

So we're probably close to a little bit over eight now, maybe 850.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

We are doing a seed extension right now.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

A lot of that was put towards the building of MedStack Control and some marketing experience we did.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

We've done a recent shift to a more inbound focused strategy, which is actually working well for us.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

And we've done a lot of sort of cleanup of our operational costs and infrastructure efficiency.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

The extension is a half a million.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Yeah, it's not, I won't lie and say it's easy.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

It is certainly challenging.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

But what I think people are looking for is, you know, if you're an investor, where do you go right now with so many companies that are- Cash.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

They hold cash.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

They hold cash, but people are looking also for what's going to be the next thing.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

And so we have had actually a good amount of interest from people saying, well, what is this digital health thing that everybody seems to be gravitating towards?

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

And what are you guys actually doing with it?

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

And, you know, fortunately, we're in a situation where, you know, we're still running pretty lean, actually very, very lean.

SaaS Interviews with CEOs, Startups, Founders
1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

What does that mean?